China Hits Canada With Tariffs in Indirect Riposte to Trump
Published On Mar 8, 2025, 12:01 AM
China has announced steep tariffs on Canadian agricultural exports, including 100% on canola and 25% on pork, in retaliation for Canada's sanctions on Chinese goods. This move is also seen as a warning to Canada and Mexico against aligning with U.S. trade pressures. The tariffs take effect on March 20 and highlight ongoing tensions in Sino-Canadian trade relations.
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The tariffs on canola and pork may negatively impact Canadian agricultural exporters and could lead to increased volatility in the agricultural commodities market. Moreover, if Canada retaliates further, it could escalate trade tensions and affect agricultural stocks.